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☆ Paramount CEO Bob Bakish is officially out
  + stars: | 2024-04-29 | by ( Paul Squire | ) www.businessinsider.com   time to read: +2 min
CEO Bob Bakish will step down and be replaced by a trio of senior executives. David Ellison has been itching to strike a deal with Shari Redstone to buy Paramount. AdvertisementParamount announced Monday that its president and CEO Bob Bakish is out and will be replaced by a trio of execs. Bakish is stepping down from the entertainment studio as major shareholder Shari Redstone inches closer to a possible sale of her controlling stake in the company. In the statement, Shari Redstone (who also serves as the chair of the board) said she has "tremendous confidence" in the new leadership.
Persons: Bob Bakish, David Ellison, Shari Redstone, —, Shari, David Ellison's Skydance, Larry Elison, George Cheeks, Chris McCarthy, Brian Robbins, Bakish, David Ellison's Organizations: Paramount, Service, Oracle, Bloomberg, — CBS, Showtime, MTV Entertainment Studios, Paramount Media Networks, Nickelodeon, Board, Paramount Global, Hollywood
☆ Paramount says CEO Bob Bakish is stepping down, will be replaced by a trio of executives
  + stars: | 2024-04-29 | by ( Lillian Rizzo | ) www.cnbc.com   time to read: +4 min
David A. Grogan | CNBCParamount Global CEO Bob Bakish is stepping down, the company announced Monday, as merger negotiations with Skydance Media continue. Bakish climbed the corporate ladder after joining Viacom in 1997, until he became CEO of the company in 2016. Following the merger of Viacom and CBS, he became CEO of the combined company in 2019, which was later renamed as Paramount Global. Paramount will now be led by CBS president and CEO George Cheeks; Chris McCarthy, president and CEO of Showtime/MTV Entertainment Studios and Paramount Media Networks; and Brian Robbins, the head of Paramount Pictures and Nickelodeon. Paramount said it added 3.7 million Paramount+ subscribers during the quarter, bringing the total to 71 million.
Persons: Bob Bakish, David A, Bakish, George Cheeks, Chris McCarthy, Brian Robbins, Naveen Chopra, Chopra, LSEG, Bob Marley Organizations: Viacom, Allen & Company Sun Valley Conference, Grogan, CNBC Paramount Global, Skydance Media, CBS, Paramount Global, Paramount, Showtime, MTV Entertainment Studios, Paramount Media Networks, Paramount Pictures, Nickelodeon, LSEG, Super, BET, MTV, NFL, TV Media, Hollywood Locations: Sun Valley , Idaho
☆ Paramount’s Chief Executive, Bob Bakish, Steps Down
  + stars: | 2024-04-29 | by ( Benjamin Mullin | Lauren Hirsch | ) www.nytimes.com   time to read: +1 min
Bob Bakish, the chief executive of Paramount, is stepping down effective immediately, the company announced on Monday, a stunning shake-up in the top ranks of the company as it considers a major merger. Mr. Bakish, 60, will be replaced by an “office of the C.E.O.” run by three executives: Brian Robbins, head of the Paramount movie studio; George Cheeks, chief executive of Paramount’s CBS division; and Chris McCarthy, chief executive of Showtime and MTV Entertainment Studios. Like many media companies, Paramount has struggled in recent years to get its streaming business off the ground as audiences for its cable channels have diminished. In recent months, the company has been in discussions to merge with Skydance, a media company run by the tech scion and Hollywood executive David Ellison. Shari Redstone, Paramount’s controlling shareholder, has already signed off on a potential deal for her stake, but the company’s directors have yet to reach an agreement for the whole company.
Persons: Bob Bakish, Bakish, Brian Robbins, George Cheeks, Chris McCarthy, Bakish’s, David Ellison, Shari Redstone Organizations: Paramount, Paramount’s CBS, Showtime, MTV Entertainment Studios
☆ Paramount Global ousts chief Bob Bakish as future of media conglomerate hangs in the balance
  + stars: | 2024-04-29 | by ( Oliver Darcy | ) edition.cnn.com   time to read: +4 min
New York CNN —Paramount Global on Monday parted ways with its chief executive, Bob Bakish, in a seismic move that sent reverberations through the media conglomerate as it actively engages in acquisition talks with Skydance Media. In place of Bakish, who led the company since controlling shareholder Shari Redstone reunited Viacom and CBS Corporation under one roof in 2019, will be a triumvirate of leaders: Brian Robbins, chief executive of Paramount Pictures; Chris McCarthy, chief executive of Showtime and MTV Entertainment Studios; and George Cheeks, chief executive of CBS. In an attempt to stave off declining cable revenues, Paramount has spent billions of dollars building its own streaming service, Paramount+. Supporters of the Skydance deal hope that merging Paramount with the Ellison-led company will change its fortunes. Those shareholders have argued the deal primarily benefits Redstone and they have encouraged Paramount’s board to evaluate other options.
Persons: Bob Bakish, Bakish, Shari Redstone, Brian Robbins, Chris McCarthy, George Cheeks, Bob, ” Redstone, David Ellison, Larry Ellison, Ellison, Skydance, Jeff Shell Organizations: New, New York CNN, Paramount Global, Skydance Media, Viacom, CBS Corporation, Paramount Pictures, Showtime, MTV Entertainment Studios, CBS, Paramount, Skydance, CNN, BET, Nickelodeon, MTV, Comedy, Netflix Locations: New York, Redstone, Skydance
☆ Jon Stewart to return to ‘The Daily Show’ as a host and executive producer
  + stars: | 2024-01-24 | by ( Oliver Darcy | ) edition.cnn.com   time to read: +2 min
CNN —Jon Stewart is heading back to “The Daily Show.”The comedian, who during his 16-year run as host of the Comedy Central program established it as an entertainment and cultural force, will return to host the show each week on Mondays starting February 12, Showtime and MTV Entertainment Studios announced Wednesday. After exiting “The Daily Show” in 2015, Stewart signed a deal with Apple to host a show for the technology company’s nascent streaming service. Convincing Stewart to return to “The Daily Show” is a major coup for Comedy Central. While Trevor Noah received critical acclaim for hosting program after Stewart exited, it never quite had the same cultural impact it did under Stewart’s stewardship. Showtime and MTV Entertainment Studios, which is responsible for much of the streamer’s content library, said episodes with Stewart will be available on the platform the day after they air on Comedy Central.
Persons: Jon Stewart, Stewart, “ Stewart, ” Chris McCarthy, ” McCarthy, “ Jon, ” Stewart, Joe Biden, Donald Trump, Trump, Stewart’s, Trevor Noah Organizations: CNN, Comedy Central, Showtime, MTV Entertainment Studios, Apple, Paramount Global, Paramount
☆ Jon Stewart Will Return to Host ‘The Daily Show’ on Mondays
  + stars: | 2024-01-24 | by ( Matt Stevens | More About Matt Stevens | ) www.nytimes.com   time to read: 1 min
Jon Stewart will return to host “The Daily Show” on Monday nights during the 2024 election campaign, the network announced on Wednesday, bringing the comedian back to the television program that he turned into appointment viewing. “The Daily Show” has been without a permanent host since Trevor Noah stepped down in 2022. The first episode with Stewart, who left the show in 2015 after serving as host since 1999, will air on Comedy Central on Feb. 12 and on Paramount+ the following day. Stewart will also executive produce all episodes of “The Daily Show.” The episodes from Tuesday to Thursday will be hosted by a rotating lineup of the show’s news team. Chris McCarthy, the chief executive of Showtime/MTV Entertainment Studios, said in a statement that Stewart was the voice of a generation.
Persons: Jon Stewart, Trevor Noah, Stewart, Chris McCarthy Organizations: Comedy Central, Paramount, Showtime, MTV Entertainment Studios
☆ Jon Stewart will return to host 'The Daily Show' after a yearlong search for Trevor Noah's replacement — but there's a catch
  + stars: | 2024-01-24 | by ( Palmer Haasch | ) www.businessinsider.com   time to read: +1 min
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewJon Stewart will return to "The Daily Show" after an extended search for a host to replace Trevor Noah. This story is available exclusively to Business Insider subscribers. Per The Hollywood Reporter, Stewart will return in a limited capacity as host on Monday nights, running through the 2024 election. He took over from prior host Craig Kilborn in 1999, and stayed on the show until 2015.
Persons: —, Jon Stewart, Trevor Noah, Stewart, Craig Kilborn, John Leguizamo, Hasan Minhaj, Chris McCarthy, Jon, McCarthy Organizations: Service, Business, Hollywood, Showtime, MTV Entertainment Studios
☆ Jon Stewart returns to 'The Daily Show' — but only on Mondays
  + stars: | 2024-01-24 | by ( Sarah Whitten | ) www.cnbc.com   time to read: +2 min
Jon Stewart is returning to "The Daily Show" — but only on Mondays. The comedian helmed the Comedy Central talk show between 1999 and 2015, before passing the torch to South African comedian Trevor Noah. Stewart will serve as "The Daily Show" host on Mondays starting Feb. 12, and appear at least through the 2024 election cycle. Since his 2015 exit from "The Daily Show," Stewart has kept busy as the executive producer of CBS' "The Late Show with Stephen Colbert" and weekly spots on Apple's streaming service via his show "The Problem With Jon Stewart," which was recently canceled. Stewart is also an avid philanthropist and has lobbied for healthcare benefits for veterans and 9/11 first responders.
Persons: Jon Stewart, Trevor Noah, Noah, Stewart, Stewart's, Chris McCarthy, Jon, Stephen Colbert Organizations: Central, Paramount, Comedy, YouTube, Showtime, MTV Entertainment Studios, CBS Locations: African
☆ Jon Stewart Will Return to 'The Daily Show' as Host — Just on Mondays
  + stars: | 2024-01-24 | by ( Associated Press | Jan. | At A.M. | ) www.usnews.com   time to read: +3 min
NEW YORK (AP) — Comedian Jon Stewart is rewinding the clock, returning to “The Daily Show” as a weekly host and executive producing through the 2024 U.S. elections cycle. Comedy Central on Wednesday said Stewart will host the topical TV show, the perch he ruled for 16 years starting in 1999, every Monday starting Feb. 12. Two former correspondents in particular got massive boosts — Steve Carell and Stephen Colbert. '”The show's abrupt end was reportedly triggered due to clashes between Stewart and Apple over its coverage of stories around China and artificial intelligence. A spokesperson did not immediately respond to questions about who will host “The Daily Show” after the November election.
Persons: Jon Stewart, Stewart, “ Jon Stewart, ” Chris McCarthy, Jon, Craig Kilborn, Trevor Noah —, Noah, Desi Lydic, Michael Kosta, Ronny Chieng, Jordan Klepper, Stewart didn't, untethered, ”, “, I’m, ’ ”, John Oliver, Larry Wilmore, Olivia Munn, Samantha Bee, Roy Wood Jr, Aasif Mandvi, Kennedy, Mark Twain, Steve Carell, Stephen Colbert, Carell, Ron Burgundy, ” Colbert, ___ Mark Kennedy Organizations: Central, Showtime, MTV Entertainment Studios, Strike Force, Hollywood, Guardian, CBS, Apple, Los Angeles Times Locations: China
☆ How MTV Broke News for a Generation
  + stars: | 2023-05-11 | by ( Remy Tumin | ) www.nytimes.com   time to read: +1 min
A little over a year into his first term, President Bill Clinton made good on a promise to return to MTV if young voters sent him to the White House. The town hall-style program in 1994 was meant to focus on violence in America, but it was a question of personal preference that made headlines and helped put MTV News on the media map. Now, a generation after MTV News bridged the gap between news and pop culture, Paramount, the network’s parent company, announced this week that it was shuttering the news service. They brought viewers on the presidential campaign trail and face to face with world leaders like Yasir Arafat, and took them into college dorms in New Orleans after Hurricane Katrina. They also embraced the messy chaos of 1990s and early 2000s celebrity, as when Courtney Love interrupted an interview with Madonna.
☆ MTV News is shutting down after 36 years — take a look at its iconic history
  + stars: | 2023-05-10 | by ( Jordan Hart | ) www.businessinsider.com   time to read: +1 min
Paramount Global announced Tuesday it is shutting down MTV News and cutting 25% of its staff. It gained popularity for covering news in music, entertainment, and eventually politics. After decades of reporting on entertainment news and a history of iconic interviews with A-listers in the music industry, MTV News is shutting down. Paramount Global announced the shutdown on Tuesday, along with the news that it's cutting 25% of its staff, NPR reported. Its subsidiaries include CBS, Nickelodeon, Comedy Central, and Showtime, the latter of which merged with MTV Entertainment Studios in February.
☆ ‘Yellowstone,’ TV’s Hit Western, Will End Its Run After This Season
  + stars: | 2023-05-05 | by ( Marc Tracy | ) www.nytimes.com   time to read: +1 min
The current season of “Yellowstone,” the Western starring Kevin Costner that became one of the most popular shows on television, will be its last, Paramount announced Friday. The series, which airs on the Paramount Network, will be followed by a new “Yellowstone” sequel — created, like the original, by Taylor Sheridan — that will start in December, Paramount said. The sequel will air on the Paramount Network, a cable channel, and later on the Paramount+ streaming platform. Its Season 4 finale was the most-watched scripted program in 2022, Variety reported, with more than 13 million viewers. And the Season 5 premiere last November exceeded that with more than 17 million viewers, according to Paramount.
☆ The streaming wars winner will not be the one that spends the most, says Chris McCarthy
  + stars: | 2022-12-20 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe streaming wars winner will not be the one that spends the most, says Chris McCarthyChris McCarthy, Paramount Media Networks and MTV Entertainment Studios president and CEO, joins CNBC's 'Squawk Box' to discuss the company's streaming strategy and upcoming content.
☆ Watch CNBC's full interview with Paramount Media Networks CEO Chris McCarthy
  + stars: | 2022-12-20 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Paramount Media Networks CEO Chris McCarthyChris McCarthy, Paramount Media Networks and MTV Entertainment Studios president and CEO, joins CNBC's 'Squawk Box' to discuss the company's streaming strategy and upcoming content. "The winner of this war is not going to be the one who spends the most money," McCarthy tells CNBC.
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